Like many very small credit unions, N &W FCU has been struggling financially over the last five years.

From 2008 to 2012, the cooperative has posted steady declines in loan, fee and investment income.

Loan income fell from $167,641 in 2008 to $83,661 in 2012, according to NCUA financial performance reports. Fee income also plunged from $81,060 in 2008 to $28,235 in 2012 and investment income dropped from $84,568 to $44,910 in the same years, according to NCUA financial performance reports.

Although N & W FCU showed a net income gain of $14,868 in 2008 and $9,885 in 2012, it posted total net income losses of more than $285,000 from 2009 to 2011. It also posted net losses through 2013, totaling $31,120 as of Sept. 30.